Category Archive 'Management'
28.06.08

Team Building: Developing A Team To Rely On

Management

Team building is very important when it comes to managing people. People are simply more willing to work together, though, when the atmosphere encourages it. For many organizations this is quite necessary for the business to run well. When everyone gets along, things just go better. They provide better service to the customer. They work together to deliver satisfaction with smiles. They also help to promote employee retention. Customers are happy, employees are happy, and the world is now a better place, right?

Team building is anything but simple. It is not something that can be done overnight. Nor is it something you can force people to do. So, how can you effectively build your team to encourage them to bond and develop working relationships that are positive? There are many things that you can do. Here are some ideas:

• Set the example yourself. As the leader of the team, it is up to you to provide a good relationship with your team players. You want them to feel comfortable with you as well as with others. Don’t favor some and don’t become too friendly either.

• You can encourage relationships to work by fostering a teamwork style. Make sure that the goals are established and that each team player is aware of them. They should know that you want a team work environment that that is what you are looking for in your employees.

• Also, provide them with opportunities to get to know each other. Take the team out to dinner on you. Encourage them to talk about their families and lives so that they can bond.

When team building is successful, there are many things that can happen. Not only will the business run better, but you can foster good qualities in individuals to come out. You can have a bond of trust and reliance with your team. Team building is an exceptional quality that you should encourage in some form or another with your team.

For more information please see http://www.team-building-help.co.uk.

03.06.08

Let Me Tell You a Little Story

Management

Once upon a time there was a businessperson who had the task of convincing an audience of the need for the business to plan better for the future. Instead of starting out with a spreadsheet and a long list of numbers he started with a story we all know, “The Three Little Pigs.” He engaged his audience with the brilliance of the little pig who built his house out of brick then used that metaphor to segue into his discussion of long-term planning.

There are many ways to communicate depending on the message you need to deliver, who the targeted recipient is, and the urgency of the message.

The military officer orders.
The advertiser entices.
The leader inspires.
The trainer, supervisor, or coach motivates.

Since few of us are in a position to communicate by barking orders, we have to learn to become more effective in enticing, inspiring, and motivating. Perhaps the most effective method is to think back to the days when you were a child and your parents told you a bedtime story. Many of these stories are parables - a short tale that illustrates a lesson or moral attitude in an entertaining manner. Compare the well-known childhood favorite, “The Little Engine That Could” with a lecture on the values of “persistence.” The story is really a romantic rendition that captures the imagination of a youngster so much better than a discussion of sticking to a task. But stories are not just for little kids, we all listen more intently when we are entertained.

Listeners become engaged when being told a story. Our comprehension and empathy increases as we identify with the circumstances, the people, and events that we imagine when an entertaining story is told with skill and emotion. A story is so much better than a dry, factual laundry list of “do’s” and “do nots.”

When you have to convince, motivate, inspire, sell, or entertain, think of preparing your communication in a form your audience will react to with enthusiasm and wonder. It will help them better prepare for the day that big bad wolf comes to huff and puff and blow the house down.

EzineArticles Expert Author Larry Galler

Larry Galler coaches and consults with high-performance executives, professionals, and small businesses since 1993. He is the writer of the long-running (every Sunday since November 2001) business column, “Front Lines with Larry Galler” Sign up for his free newsletter at http://www.larrygaller.com

31.05.08

The Modular Office

Management

Modular office is a great way of solving your office space problems, from construction sites to golf courses, a lot of businesses are using modular office solutions today.

Modular offices can be found throughout the country, in all regions and areas, this is mainly due to the fact that modular office building has progressed significantly over the last decade or so, and modular offices today can be used as a multi functional moveable spacing solution, the modular office can be designed to cold and warm areas, to keep humidity out and to securely hold any kind of material you need to store.

If you are thinking about getting a modular office for your backyard, or for your home office, you can not have picked a “hotter” subject more than modular offices, since today a lot of people are moving to work at home, to avoid time consuming commuting and to increase the time they spend with their families, the modular office provides an inexpensive and fitting solution for the home based worker or the home bases entrepreneur.

Modular office space can be designed and customized to serve your business, the great thing about the modular office is that this industry started by giving its services to factories and plants, so the flexibility in construction is amazing, remember that these modular offices can be used for many different industries, clean rooms and computer rooms, and on site selling points, the variety is incredible and you can you this to your benefit.

All you need to do when choosing a modular office is decide what is the solution that fits you best, have an idea of the interior design and the functional needs of the modular office and choose the company you want to order it from, if its a professional company they will walk you through all the steps and you will have yourself your own designed space in a matter of weeks.

The modular office provides the perfect solution to small businesses or a business on the move, the modular office eliminates a lot of the old construction industry problems people always complained about, the building procedure is not dependent on weather, on the workers showing up on time and the constructor mood. Modular offices have a huge advantage over the traditional building style, provided you are looking for a new, moveable and low priced office solution.

Modular office construction is the most time efficient setup you can find today, the start end date is very clear and you will be very surprised on how punctual this industry can be, compared with other options. Using modular office building allows you to develop your land or area you plan to use for the modular office and in the same time have the modular office building continue on another location, this is one of the significant advantages a modular office has, you can keep doing what you were doing at the certain place, the modular unit will not be there before it is finished, and in most cases, when it will be finished all you will need it to put it in place, perform a few adjustments and that’s it, your new modular office will be in place.

Daniel Roshard is an interior designer fascinated by outdoor architecture, he is currently studying public parks and outdoor design. Daniel is writing Modular Office articles for ZupaTips.com

28.05.08

Maximizing the Two People in Us

Management

PERMISSION TO REPUBLISH: This article may be republished
in newsletters and on web sites provided attribution is provided
to the author, and it appears with the included copyright,
resource box and live web site link. Email notice of intent to
publish is appreciated but not required. Mail to:
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Everyone of us, in reality, has two people inside: Te person we
are today and the person we can become tomorrow and in the
future. We go to work every day, are never late or absent, earn
a promotion; and receive occasional raises. We and our work are
far above satisfactory. That makes us the person who is well
liked by our employer, our family, and ourselves.

But there is also another person in us. It is the person who,
when properly motivated and exposed to the encouraging
information, can narrow the gap that exists between his habitual
performance patterns and his maximum potential.

The development of people, whether directed by someone else or
by us ourselves, is a never-ending process. To the productive
and well-managed company, this is as important as its
advertising.

The development of staff is a really enormous area for
additional profit that will mutually affect the employer and his
employees. The development of people does not, by any stretch of
the imagination, involve exploitation or manipulation of human
beings. They, themselves, benefit as much or more than does the
employer.

By exposing them to the information that develops them as
persons, we help them reach into their deep reservoirs of
ability and bring more of it to the surface. Consequently, they
have more spontaneous skills and abilities to bring to the
table, whether that “table” is at work, at home, at church, or
school.

To motivate human beings is not to force-feed them. They are at
all times free to reject or ignore that to which they are
exposed. But they don’t; they come back for more.

We cannot motivate others; that’s something can have to do by
themselves. However, we can set the motivational climate and
they’ll respond, not because they have to, but because they want
to.

Now, wouldn’t you rather have a well-oiled, highly motivated
individual functioning at his (or her) maximum potential on your
team?

Remember: When you maximize your potential, everyone
wins. When you don’t, we all lose.

27.05.08

2 Simple Steps Before Starting Your Business

Management

There is so much small business information available today that it’s easy to be bogged down by the sheer volume of it all. Where does one start? Well, it’s safe to say not all the information you’ll receive will be of equal value. So it’s important to be discerning when you’re thinking about applying any suggestions to your new business. In many cases, you’ll find some suggestions don’t match your business type, management style, budget, or industry. This could lead to wasted dollars spent and time lost. So learning how to research and compile information will be key in developing a plan that is tailored to fit your business needs.

What I suggest is a methodical and basic approach to starting your business. No matter what the industry, in most cases, these two initial steps will always be the same.

  1. Take a crash course in small business. There is no better place to start then http://sba.gov. Not only will you find dozens of free tutorials on business planning and managing but you will also find important information regarding legalizing your business in respect to your location and your industry. In addition, you will find links to other leading small business sites and resources. Visit the site and remember to bookmark this page. Try to develop a schedule and visit the site on a regular basis to familiarize yourself with small business ownership and all its related issues, regulations, requirements, and rewards.
  2. Network with other small business owners. Join community websites specifically geared towards small business owners so you can find solutions to common problems such as time management and financing. It’s also the best way to build a support system while you are planning to launch your business. Some entrepreneurs give up because they feel they are going at it alone! But there are so many other people out there going through the same challenges and are more than happy to assist you.

Don’t let your confusion or the amount of information available overwhelm you into paralysis. Once you’ve gained knowledge on how to become a successful entrepreneur don’t stop there. Each day try to work more and more towards formalizing your plans. And don’t be afraid to ask for help. Remember, you’ve got a lot of work ahead of you but these first two steps will ensure you don’t head into entrepreneurship ill-prepared.

Copyright © 2005 Rhonda Winn - All Rights Reserved. Rhonda Winn has been helping small business owners since 2000. She is the author of the popular eBook, “How to Live Your Dreams and Achieve Unlimited Wealth in Small Business” Receive the first chapter free, when you join her bi-monthly newsletter today: SmallBizStartupKit.com.

You are free to publish this article as long as the content remains unchanged and copyright notice and byline is not removed from article.

24.05.08

The Negotiation Coach

Management

All roads in business eventually lead to the bottom line. Everything we have done to this point has been to create value for our clients. This value will in turn give us the opportunity to charge more then would be normally possible. How do we charge for our products and services? The cost-plus method is the typical, trusted formula, however, this is leaving money on the table. Of course, we should have a very accurate method to measure all costs, and there are great accounting tools that are available to measure profitability. However, when we successfully exceed expectations, we can charge more because the client will happily pay more. Value based pricing needs to be an integrated philosophy, considering every aspect of the client experience with your company. Only then can you ask for a higher price, and your clients will be thrilled to pay.
When you price with the consideration of perceived value, you focus on the results, not the process. Everyone on the team must be committed to staging this concept, so that nothing that the client sees will sacrifice the margins.

If you want to establish your business as “value based”, then you need to target the proper consumer for your offering. Not every consumer is a potential client. The effort to communicate your “value message” needs to be directed to a receptive ear. You must make the value you create very apparent and understood. For example, just because you are efficient in running your business, doesn’t mean the client will care about that, and therefore it may not create any value that you can charge for.

With this is mind, you must focus on serving the segments in your marketplace that will respond to the value you create. Who wants to buy a great experience, as opposed to those who only care about price.

Once you have zeroed in on your target market, you can begin your work on delivering value, but to do this just like anything else in business you must create value that your competitors do not offer. Remember, when all things are equal, it is up to the entrepreneur to make things unequal. This will separate you from everyone else in the mind of the consumer, as long as she understands what the value is, that you are offering.

Your team needs to understand this mission in order to pull it off successfully. All employees must see how their responsibilities contribute to creating and delivering the value message. Any lapse in staging a great performance for your client will potentially hurt the bottom line.

This all sounds great, but no one will buy without at least considering the price. This is where most of us get frustrated. Price is important, but it is not the number one reason why consumers make buying decisions. Still there are plenty of times when we hear this infamous question, “can you do any better?”

Negotiation, the dreaded word. How can you successfully negotiate a price when everything you have done to this point has been to demonstrate the amazing value you offer? The first and most fatal mistake is to offer a lower price without the client giving up something in return. Why should you give a lower price simply because your client demands it? You do this because you leave price as the only negotiated option. You should negotiate the offer not the price.

If you are asked for a better price, you need to be prepared with a proper defense. You could say: “The price I have offered you is based on providing you with making your interior beautiful, but if you want to spend less, perhaps we can reselect other choices of fabrics that are in a lower price range.” This way the client has to make a decision that there is a trade-off in order to get a lower price. When you negotiate the offer, the client must deal with the choice of deciding whether the value you initially presented is worth giving up for a lower price.

Pricing, however, is rarely the issue. Clients who want to negotiate usually do so because you have not effectively communicated your value message. It is up to your team to fully understand, that the success of the organization depends on each and everyone performing. Nothing can be left to chance if you want to charge based on the perceived value.

If after all is said and done, and you loose an order, one of two things have happened: Either they went to the competition or they decided to wait and do nothing. In over 80% of the time it is the latter. Why, because usually there is not a competitor that is a perfect alternative. This happens when you have positioned your offer in the mind of the consumer as unique and they can’t shop value. Therefore, a lost opportunity may not be lost forever.

Neil Gordon, The Designer’s Coach is a coach and consultant for Interior Designers. His website, http://www.thedesignerscoach.com offers seminars, articles, newsletters as well as valuable advise for designers willing to improve their business. Please visit the site to sign up for the free newsletter.

17.05.08

Barter and Its Benefits

Management

What is Barter?
Barter involves 2 parties. Each party wants to trade with each other and instead of exchanging cash for products or services, the exchange is carried out with products or services that each possesses. That is, there is a trade of a product or service that someone has, in return for another product or service the other party has.

Barter traces its origins back to ancient times, because as we all know, money as a form of exchange only came into being in history well after barter had been practiced for 100’s of years. It was found that using money or coins as a medium of exchange was a lot easier to handle than exchanging products or services.

Barter can basically apply to almost any business that has products or services, because if they have something they can sell and exchange for money, then they can sell in exchange for products. Simply defined, therefore, barter is the exchange of goods and services without the involvement of cash.

Most of us, when young, engaged in barter, even if we didn’t know we were doing so. For example, if you have ever traded your comics with a friend in exchange for his baseball bat or rugby ball, then you have engaged in the practice of barter. If you have helped your neighbour paint her fence in exchange for her cooking you a chocolate cake, or if the gentleman across the road helped you repair your car in exchange for borrowing your lawn mower, then you have been involved in the art of bartering.

The Art of Bartering
Some large companies have been engaged in barter for many years. It is something your business should consider because it has many benefits and can produce increased sales and conserve cash in some situations. As already explained, we have all bartered in some form or another, but it’s only recently that the industry of barter has come into its own.

With the new technology available to businesses now, computers can track barter transactions and inventory and this has helped to expand the growth of this form of trading. In fact, now there is such a term as the “barter economy”, as quite distinct from the “cash economy”.

We have now grown what are known as “barter exchanges”. These are groups that create markets for traders to function and come together to barter. Barter exchanges have also assisted in fuelling the huge growth of this industry. Today the barter industry is a billion dollar industry many times over and has become a very successful method in assisting in the growth of companies and facilitating trade without the use of cash.

There is no doubt that barter is big business and it’s getting bigger year by year.

Why should you Barter at all?
The main reason businesses use barter is to conserve cash resources. As cash is the lifeblood of a business, any strategies to conserve this are welcomed with open arms. However, barter is more than saving cash; it is a method of marketing your goods and services and carrying on normally where products and services are exchanged, except cash dollars are replaced by barter dollars.

Barter definitely attracts customers and therefore sales the business would normally not have obtained otherwise. This is because a barter oriented business would rather use the barter facility than to outlay cash. This is acceptable, therefore, to all businesses that enjoy the barter system.

Barter generates sales that would not have happened if cash had been required to complete a purchase by the buying company. It’s good also because it provides another advantage to a business. Where cash is short, the option of barter can ensure that a sale is not lost and, in fact, can grow sales figures substantially.

It enables expansion because it frees up the company’s cash reserves for other needs, as well as reducing holdings of excess stocks. The fact that a business can achieve growth without the need for real cash, makes barter an attractive proposition that needs to be seriously investigated.

Copyright 2005 StartRunGrow
http://www.startrungrow.com

StartRunGrow (http://www.startrungrow.com) is a global online information organization that specializes in creating, developing and marketing business help information specifically with the aim of “making business easier” for entrepreneurs around the world. The StartRunGrow objective is to become a dominant player in the business help arena providing end to end solutions for the millions of small and medium businesses worldwide who continue to struggle daily with the difficulties of starting, running and growing a successful business.

03.05.08

‘Chiefs’ and ‘Indians’ Management - Time to Change?

Management

I’ve ummed and ahhed about the title for this topic, not wanting to cause offence. So if I do, I don’t mean to - the term “Chiefs and Indians” is a metaphor, not a culture statement, so bear with me, it will become clear.

You start at the top with the best paid and end up with the humble worker at the bottom end. In larger organisations this can be eight, ten or more deep!

At the bottom you feel ‘done to’ at the top, you feel the ‘doer’ - a much more comfortable spot to be. Guess why!

Yet it need not be this way. Of course there are always going to levels of authority, but wise organisations can soften this with a level of democracy which enables even those at the very bottom of the chain, the ‘indians’ in the metaphor, to feel like ‘chiefs’, in how they input into the organisation.

You see, the distinction is almost all emotional. It’s about control of your own circumstances - and those circumstances are controlled, not surprisingly, by the chiefs, especially in unenlightened organisations.

And control is such an emotive place to be and so uncomfortable if you have little or none and are almost totally ‘done to’.

But what if an enlightened boss gave up some of the control, maybe even most of it, to those workers beneath. In fact by giving up much control, maybe they realise that control and input from the ‘many’ was better for all and would be a respected and valued (and valuable) place to go.

Bosses would become freer from day to day decisions, and their now co-workers, rather than ’slaves’ would be more involved, more able to contribute with the richness of their own ideas and implementation skills. It would be radical, yet how valuable it would be, all round.

It doesn’t take much on the micro-organisational level. In fact it takes but one step.

Ask your people what ‘they think would work’. Get used to involving them in discussions and letting them have a free rein on the ideas and delivery, as long as the result is at least the one you need.

You might be surprised at how quickly they get the hang of it. In fact, you might be surprised at the results to your business, to your people and, not least, to you.

Martin Haworth - EzineArticles Expert Author

© 2005-6 Martin Haworth is a Business and Management Coach. He works worldwide, mainly by phone, with small business owners, managers and corporate leaders. He has hundreds of hints, tips and ideas at his website, http://www.coaching-businesses-to-success.com.

27.04.08

Marketing Miracle: Outsource Your Creative Services

Management

The current economy is causing most companies to tighten their belts. With limited staffing and a restricted budget, how do you continue to promote your business? The simple solution is the occasional or ongoing use of outside resources such as graphic designers, writers, webmasters, and other creative talent.

There are some real advantages to outsourcing.

First, your business only has to purchase the services you need, when you need them. This saves on overhead costs such as equipment, office space, salaries, and benefits. Project costs are specified in a contract and monitored on a regular basis.

Second, by outsourcing services to a firm, your organization can realize the expertise of an entire group of creative talent. With more resources, you can rest assured your deadlines are met without compromising quality. With an expanded network of creative experts, customized skills are focused on designated projects, providing a higher level of service.

You may also want to consider a retainer agreement. In a retainer agreement, you pay an outside firm a specified amount each month to retain their services for your company. This can be an advantage if your business has an ongoing need for project management for websites, publications, advertising placement, and ongoing campaigns and marketing efforts.

However, many people are not sure how to hire a firm. Here are some tips to help you evaluate any type of creative services:

Don’t just go with the first creative firm you find. Do your research. Ask colleagues, customers, and other professional organizations for suggestions. Visit the company’s website to view their online portfolio and read any articles they have written. This will help you understand the firm’s areas of expertise and their approach.

Meet in-person with a representative from the firm. This will help you gain a deeper understanding of the firm’s personality. When you meet with a creative firm for the first time, be sure to ask all the questions you might have about communication, workflow, billing, timelines, and so on.

When considering which firm you want to work with, take some time to review their list of clients and ask about past projects. Ask for references.

Every firm has a unique look and feel to their design pieces. Review a potential firm’s portfolio to see if you like their creative work. Ask the designer if they can help you develop a targeted product that will address your unique needs.

Do you feel comfortable with the person you will be working with? Will they be able to get back to you in a timely manner? Can they meet your deadlines?

Take time to discuss their pricing structure. When evaluating the cost, ask how value is added to justify certain pricing structures. For example, working with a freelancer will probably cost less than working with an entire firm. However, it may take more time and one person has a limited range of expertise, as well as time constraints. He or she may have to outsource certain components of your project. In the long run, you may be saving money by choosing to work with a team of experts who can provide a wide range of services under one roof.

Outsourcing can make your business easier to run and more profitable. You’ll free up time and resources so you can concentrate on your core business concerns. Creative firms offer a broad range of integrated services to move your company forward. More than ever, business survival depends upon the ability to effectively market and promote your services, as well as keeping costs down. For your next campaign, outsourcing may be the perfect solution to make the difference in your bottom line.

EzineArticles Expert Author Wendy Maynard

Wendy Maynard, your friendly marketing maven, is the owner of Kinesis. Kinesis specializes in marketing, graphic and website design, and business writing. Visit http://www.kinesisinc.com/resources/articles.html for more articles and free marketing wisdom. You can visit her marketing blog, Kinetic Ideas at: http://www.wendy.kinesisinc.com

Want to harness the power of kinetic marketing? Sign up for Kinesis Quickies, a free bi-monthly marketing e-newsletter: http://www.news.kinesisinc.com

26.04.08

Perfekt!

Management

Are you obsessed with getting everything just right? Do you do everything yourself because no one else can do it as well as you can? Do you believe that everything you do has to be absolutely perfect? Although striving for excellence is a good thing to do, demanding perfection in everything you do is not.

Often, perfectionism is a way to delay taking action. If you keep finding problems to fix, you don’t have to do something you dread (such as making sales calls) or subject yourself or your product to the judgements of the marketplace.

Realize and accept that good enough is often good enough. There is a point of diminishing returns, where the time and effort you put in to “improving” something is not worth the cost. The cost is not just the cost of doing something over and over. It includes opportunity cost. Every day that you don’t have your product available for purchase, or every day you delay your new marketing program, is a day you are losing sales. And all of the time you put in doing something over and over again is time you could spend doing something more productive and more profitable.

Perhaps what you are trying to make perfect is something that will evolve over time. Your web site doesn’t have to be the ultimate web site the day you put it up on the Web. It should be attractive and free of obvious mistakes. The less-obvious mistakes can be fixed and you can always add new sections and content.

If you find it hard to let go of your quest for perfection, get help from someone you trust. Ask them to look at something you’ve done and help you decide if it’s good enough. They may catch something you didn’t, and really make it better. And, they will let you know when it is time to let go and move on to the next imperfect project!

Copyright Cathy Stucker. As the Idea Lady, Cathy Stucker can help you attract customers and make yourself famous with inexpensive and free marketing ideas. Get free tips, articles and more at http://www.IdeaLady.com/.

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